Waiting times and equilibrium selection

Alan Beggs

Economic Theory, 2005, vol. 25, issue 3, 599-628

Abstract: This paper shows how graphs can be used to calculate waiting times in models of equilibrium selection. It also shows how reducing the state space can simplify the calculations of both waiting times and selected equilibria. The results are applied to potential games and games with strategic complementarities. Copyright Springer-Verlag Berlin/Heidelberg 2005

Keywords: Waiting times; Equilibrium selection; Graphs. (search for similar items in EconPapers)
Date: 2005
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Citations: View citations in EconPapers (15)

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Working Paper: Waiting Times and Equilibrium Selection (2003)
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DOI: 10.1007/s00199-003-0444-6

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